Seagate 2014 Annual Report Download - page 107

Download and view the complete annual report

Please find page 107 of the 2014 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
12.EarningsPerShare
Thefollowingtablesetsforththecomputationofbasicanddilutednetincomepershare:
Thefollowingpotentialshareswereexcludedfromthecomputationofdilutednetincomepershareastheireffectwouldhavebeenanti-dilutive:
13.BusinessSegmentandGeographicInformation
TheCompanyhasconcludedthatitsmanufactureanddistributionofelectronicstoragesolutionsconstitutesonereportingsegment.TheCompany's
manufacturingoperationsarebasedontechnologyplatformsthatareusedtoproducevariouselectronicstoragesolutionsthatservemultipleapplicationsand
markets.TheCompany'smaintechnologyplatformsareprimarilyfocusedaroundarealdensityofmediaandread/writeheadtechnologies.Inaddition,the
Companyalsoinvestsincertainothertechnologyplatformsincludingmotors,servoformattingread/writechannels,solidstateandothertechnologies.The
CompanyhasdeterminedthatitsChiefExecutiveOfficeristheCompany'schiefoperatingdecisionmaker(CODM)asheisresponsibleforreviewingand
approvinginvestmentsintheCompany'stechnologyplatformsandmanufacturinginfrastructure.
Infiscalyears2015,2014and2013,DellInc.accountedforapproximately14%,13%and13%ofconsolidatedrevenue,respectively,whileHewlett-Packard
Companyaccountedforapproximately12%,13%and10%ofconsolidatedrevenue,respectively.Noothercustomeraccountedformorethan10%ofconsolidated
revenueinanyyearpresented.
Otherlong-livedassetsconsistofproperty,equipmentandleaseholdimprovements,otherintangibleassets,capitalleases,equityinvestmentsandothernon-
currentassetsasrecordedbytheCompany'soperationsineacharea.
104
 FiscalYearsEnded
(Inmillions,exceptpersharedata) 
July3,
2015
June27,
2014
June28,
2013
Numerator:       
NetincomeattributabletoSeagateTechnologyplc  $ 1,742 $ 1,570 $ 1,838
Numberofsharesusedinpersharecalculations:       
TotalsharesforpurposesofcalculatingbasicnetincomepershareattributabletoSeagate
Technologyplc   324  337  370
Weighted-averageeffectofdilutivesecurities:       
Employeeequityawardplans   7  10  12
TotalsharesforpurposeofcalculatingdilutednetincomepershareattributabletoSeagate
Technologyplc   331  347  382
NetincomepershareattributabletoSeagateTechnologyplcshareholders:       
Basic  $ 5.38 $ 4.66 $ 4.97
Diluted  $ 5.26 $ 4.52 $ 4.81
 FiscalYearsEnded
(Inmillions) 
July3,
2015
June27,
2014
June28,
2013
Employeeequityawardplans   —  —  —